The Wealth Strategies Journal has posted a new article, entitled "Cross Purchase," by Martin M. Shenkman, CPA, MBA, JD.
Summary: Buyout agreements are vital to family and closely held businesses. With the economic turmoil and rapidly changing laws you need to ask the question of the Vikings: "What's in your wallet?" If you haven't reviewed your buy-sell in the past year. Jump to it. The following checklist will explore aspects of just one option, what is commonly called a trusteed cross-purchase which in ways is akin to an escrow arrangement.
The article can be found here.
Leave a comment